Allonge No. 4 to Promissory Note between Spheric Technologies, Inc. and JH Realty, LLC
This agreement, dated September 30, 2009, amends a previous promissory note between Spheric Technologies, Inc. and JH Realty, LLC. It extends the due date for repayment of the $62,000 loan to December 31, 2009. All other terms of the original note and prior amendments remain unchanged, except that this amendment replaces the previous Allonge No. 3, which is now void. Both parties have signed to confirm these changes.
Exhibit 10.53
ALLONGE NO. 4 TO
PROMISSORY NOTE
TO JH REALTY, LLC
This Allonge No. 4 to Promissory Note (the “Allonge No. 4”), dated as of September 30, 2009, is attached to and forms a part of the Promissory Note dated December 31, 2007 (the “Note”) and the Allonge to Promissory Note dated March 31, 2008 (the “Allonge”), made by SPHERIC TECHNOLOGIES, INC., a Nevada corporation (the “Company”), payable to the order of J H Realty, an Arizona limited liability company (the “Holder”), in the original principal amount of $62,000.
| 1. | The Note is hereby amended to provide that it is due and payable in full on December 31, 2009. |
| 2. | In all other respects, the Note and the Allonge are confirmed, ratified, and approved and, as amended by this Allonge No. 4, shall continue in full force and effect. |
This Allonge No. 4 replaces the Allonge No. 3 to Promissory Notes dated May 31, 2009, which shall have no further force or effect.
IN WITNESS WHEREOF, the Company and Holder have caused this Allonge No. 4 to Promissory Note to be executed and delivered by their respective duly authorized officers as of the date and year first above written.
| SPHERIC TECHNOLOGIES, INC. | ||
| By: | /s/ Michael Kirksey | |
| Michael Kirksey | ||
| Its: | Executive Vice President and COO | |
| JH REALTY, LLC | ||
| By: | /s/ Joseph Hines | |
| Joseph Hines | ||
| Its: | President | |
